Three executives from Trump Media & Technology Group have established a Special Purpose Acquisition Company (SPAC) to acquire a U.S.-based cryptocurrency and blockchain company.
This move aligns with changes in the Trump administration’s approach to cryptocurrency regulations. The newly formed company, Renatus Tactical Acquisition Corp I, is based in the Cayman Islands and focuses on high-potential cryptocurrency, blockchain, data security, and dual-use technology markets in the U.S.
Renatus also highlighted the strategic decision to use Bitcoin as a reserve asset, showcasing how digital assets can be integrated into financial strategies. The company plans to raise $178.9 million by selling 17.5 million shares as part of its SEC filing. The management team’s close ties to Trump Media make this move significant, potentially boosting interest in the digital asset industry.
